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Neurocrine Biosciences (NBIX) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Neurocrine Biosciences (NBIX) Q3 2026 earnings results →

Q3 2026 Revenue up 41% year over year to $1.1B · 18¢ of every $1 of revenue kept as net profit · operating margin 29.5%

Neurocrine Biosciences made $1.1B in Q3 2026 (+41% Y/Y). Operating margin 29.5%, net earnings $206M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.

Revenue$1.1B
Year over year+41%
Operating margin29.5%
Net earnings$206M
Operating cash flow$395M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.1B in Q3 2026, up 41% year over year and up 17% from the previous quarter.

Operating profit was $0.33B, a 29.5% margin (down 0.6 points year over year). Of the extra revenue versus Q3 2025, 28% reached operating profit, below the 30% margin then. Total costs grew 42% against revenue growth of 41%. The fastest-growing cost line was Cost of revenue (+90%). Net earnings were $0.21B, down 1% year over year. The effective tax rate was 27.2%.

Operating cash flow was $0.40B (up 74% year over year), 191% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.01B left free cash flow of $0.38B.

Quarterly history

Neurocrine Biosciences revenue by quarterNeurocrine Biosciences revenue by quarter$573MQ1 2025$688MQ2 2025$795MQ3 2025$806MQ4 2025$814MQ1 2026$959MQ2 2026$1.1BQ3 2026
Neurocrine Biosciences net earnings by quarterNeurocrine Biosciences net earnings by quarter$7.9MQ1 2025$108MQ2 2025$210MQ3 2025$154MQ4 2025$198MQ1 2026$144MQ2 2026$206MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 2, 2026$1.1B+41%29.5%$206M$395M
Q2 202610-QJul 31, 2026$959M+40%15.8%$144M$136M
Q1 202610-QMay 5, 2026$814M+42%23.7%$198M$146M
Q4 202510-KFeb 11, 2026$806M+28%26.2%$154M$388M
Q3 202510-QOct 28, 2025$795M+28%30.1%$210M$228M
Q2 202510-QJul 30, 2025$688M+16%21.2%$108M$102M
Q1 202510-QMay 5, 2025$573M+11%4.1%$7.9M$64.8M

Charts

Neurocrine Biosciences: revenue growth, year over year and quarter over quarterNeurocrine Biosciences: revenue growth, year over year and quarter over quarterY/YQ/Q+11%Q1 2025+16%+20%Q2 2025+28%+16%Q3 2025+28%+1%Q4 2025+42%+1%Q1 2026+40%+18%Q2 2026+41%+17%Q3 2026
Latest (Q3 2026): Y/Y +41%, Q/Q +17%.
Neurocrine Biosciences: where the cash came from (+) and went (−), TTM to Q3 2026Neurocrine Biosciences: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.1BOther investing−$680MCash drawn (+) / kept (−)−$300MShares issued$171MBuybacks−$158MOther financing−$73.3MCapital spending−$26.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Neurocrine Biosciences: profit against cash, quarter by quarterNeurocrine Biosciences: profit against cash, quarter by quarterNet incomeOperating cash flow$103M$242MQ4 2024$7.9M$64.8MQ1 2025$108M$102MQ2 2025$210M$228MQ3 2025$154M$388MQ4 2025$198M$146MQ1 2026$144M$136MQ2 2026$206M$395MQ3 2026
Latest (Q3 2026): Net income $206M, Operating cash flow $395M.
Neurocrine Biosciences: diluted shares by fiscal yearNeurocrine Biosciences: diluted shares by fiscal year98MFY202098MFY202199MFY2022101MFY2023104MFY2024102MFY2025
+4.8% since FY2020: more shares outstanding (issuance, stock pay).
Neurocrine Biosciences in its industry: growth against margin (76 companies, SIC 2836)Neurocrine Biosciences in its industry: growth against margin (76 companies, SIC 2836)revenue growth, year over year →↑ operating marginmedian +9%median -100%AMGNGILDBIIBMRNAEXELHALOMGTXTECHVIRRGENTARSBCRXALECADMAKRYSIOVATWSTIPSCIMCRVISKVCELADPTNVAXKYMRGLUEIBRXAUTLAGENDNAPLXRXRXFENCCSBRCHRSIVVDCRSPEDITDTILVXRTSTRORGNXCCCCBSEMSCLXACOGTSHASRZNVYGRFDMTLENZALGSXFORELUTFATEOCGNSCTXCRBUCGONDBVTINBXMGXLCTXTCRXDYAIPRMEATRAVitro Biopharma, Inc.HUMARLAYPLURBEAMPROKCRDFAIMVIVSNBIX (+41%, 30%)
Biological Products, (No Diagnostic Substances); dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Neurocrine Biosciences

Neurocrine Biosciences is a neuroscience-focused, biopharmaceutical company with a simple purpose: to relieve suffering for people with great needs. We are dedicated to discovering, developing, and commercializing life-changing treatments for patients with under-addressed neurological, psychiatric, endocrine, and immunological disorders. Our portfolio of products includes U.S. Food and Drug Administration (FDA) approved treatments for tardive dyskinesia (TD), chorea associated with Huntington's disease, classic congenital adrenal hyperplasia due to 21-hydroxylase deficiency (CAH), and endometriosis and uterine fibroids in collaboration with AbbVie Inc.

In its own words, from its 10-K, filed Feb 11, 2026.

Neurocrine Biosciences against its Biological Products, (No Diagnostic Substances) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +41% against the peers' median +11%. Operating margin: 29.5% against the peers' median 35.8%.

CompanyQuarterRevenueY/YOp. margin
NBIX Neurocrine BiosciencesQ3 2026$1.1B+41%29.5%
AMGN AmgenQ3 2026$10.4B+8%35.8%
GILD Gilead SciencesQ3 2026$8.3B+7%41.7%
BIIB BiogenQ3 2026$2.8B+11%-0.3%
MRNA ModernaQ3 2026$1.3B+29%9.9%
EXEL ExelixisQ3 2026$659M+10%40.8%
HALO Halozyme TherapeuticsQ3 2026$493M+39%59.8%
MGTX MeiraGTx HoldingsQ2 2026$321M87×76.0%
TECH Bio-TechneQ1 FY27$300M+5%12.2%

Source: Neurocrine Biosciences 10-Q on SEC EDGAR · CIK 914475 · Biological Products, (No Diagnostic Substances)

Guidance and outlook

Neurocrine Biosciences: what its forward-looking statements are about (10-Q filed 2026-11-02)Neurocrine Biosciences: what its forward-looking statements are about (10-Q filed 2026-11-02)Other3
3 statements; tone +0.00 (−1 all cautious, +1 all confident); 2 hedged.

13F: who owns NBIX and who is buying

Largest holders of NBIX (13F)Largest holders of NBIX (13F)BlackRock$2.3BVanguard Group$1.4BDodge & COX$941MVanguard Portfolio Management LLC$838MVanguard Capital Management LLC$766MState Street$739MAQR Capital Management LLC$643MRenaissance Technologies LLC$394MGeode Capital Management, LLC$360MTwo Sigma Investments, LP$350M
Funds' net buying of NBIX by quarter (13F)Funds' net buying of NBIX by quarter (13F)−$285M2024-09$362M2024-12−$37.6M2025-03$81.6M2025-06−$274M2025-09$80.1M2025-12$318M2026-03−$136M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on NBIX

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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